With July 31st passing (the deadline for Form 5500 without an extension), it’s a great way to ponder if you have any outstanding Form 5500 issues such as a late return or an incomplete return (such as one missing a plan...more
The Delinquent Filer Voluntary Compliance Program (DFVCP) is a Department of Labor (DOL) program designed to encourage voluntary compliance with ERISA’s 5500 program. It’s great as a plan sponsor if you forget to file a Form...more
Failure to file Form 5500 is costly as the Department of Labor (DOL) and Internal Revenue Service (IRS) has jurisdiction over the form and can set forth separate penalties....more
One aspect of the SECURE Act that many commentators failure to note is that it’s mor expensive to file a late Form 5500....more
401(k) Sponsors Say Their Plan is OK, but They Really Have No Idea. They really have no idea. When I was dating my wife, she asked me if I had a good credit score and I said I did. I never checked my credit score, but...more